Long
WTC 12.25.17 (yep)
Looking back during december of last year we see an inverse head and shoulders play out as a trend reversal. The neckline served as resistance four times before it broke out. Volume corresponds to each move and if one played the break of the neckline resistance it would have yielded 300% gains. Textbook technical reversal. Hindsight is 20/20.
Note
Horizontal lines of support and resistance were at that point relevant and are now again very relevant on the current chart. The more these levels are tested the more significant they become.Note
If you hodled WTC from Sep 2017 when this chart started until now you would be up 335%.
If you bough WTC in Sep 2017 and sold at the top you would have made 4819% profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.